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Dollar index (USDX) handing back earlier gains now as US stocks eye higher opening
Earlier this morning the Dollar index (USDX) had taken advantage of the more recent Trump comments regarding tariffs on Canada and Mexico, as reported on here in a number of updates much earlier today. So, the dollar index had crumbled yesterday, from a high at 109.45, to a low point yesterday afternoon, at 107.91. Earlier today the index shot back to 108.75, before edging back to around 108.18. The rebound that has followed has seen it rise to 108.79. However, over the past hour or two it has been tracking lower and falling back underneath 108.50. Of course, it has still not broken any fresh ground outside of the range seen since yesterday (107.91 to 109.45). Right now, within the spectrum of the dollar index the USD/JPY is dropping back and both the EUR/USD and the GBP/USD have bounced from their earlier session lows ahead of the US stock market reopening. This comes as US yields edge a little lower and the US equity futures advance across the board ahead of the opening shortly
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Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
